Alaris Royalty Corp. Declares March Dividend and Provides a Corporate Update

About this update from Alaris Equity Partners Income Trust Trust Units Reg S 3c7

[{"type":"text","content":"\n\n\n\nAlaris Royalty Corp. Declares March Dividend and Provides a Corporate Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, March 19, 2020\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES.  FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./\n CALGARY, March 19, 2020 /CNW/ - Alaris Royalty Corp. (\"Alaris\" or the \"Corporation\") (TSX: AD) announces that the Board of Directors of the Corporation (the \"Board\") has declared a dividend of $0.1375 per common share for the month of March 2020, representing $1.65 per share on an annualized basis.  The dividend is payable on April 15, 2020 to shareholders of record on March 31, 2020.  The ex-dividend date is March 30, 2020.  This dividend is designated by the Corporation to be an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation.  An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.\n\n \n \n \n \n \n \n\n \nMoving Monthly Dividend to Quarterly \nThe Board has also approved, after payment of the March 2020 dividend, changing the common share dividend payments from monthly to quarterly with the next dividend expected to be declared in June 2020 and paid in July 2020, which would cover dividends for the second quarter 2020.  The ongoing global response to the coronavirus disease (\"COVID-19\") continues to evolve rapidly and has already had a significant impact on the financial markets and global economy.  The Corporation feels that over the next 30 to 60 days it will have a better understanding of the short and long-term impacts the current economic situation will have on its business and will base its dividend for Q2 on those findings.  The Corporation is assessing such impacts on a daily basis and is of the view that changing the dividend from monthly to quarterly will provide Alaris with flexibility to navigate the uncertain tim...

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